HR 3422
Passed a chamber
Requires the Advocate for Small Business Capital Formation to provide educational resources and host or join events that raise awareness of capital raising options for underrepresented, rural, and disaster-affected small businesses.
Official title: Promoting Opportunities for Non-Traditional Capital Formation Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
15-MAY-2025
Referred
15-MAY-2025
Approved by committee
20-MAY-2025
Reported
03-JUN-2025
On the calendar
03-JUN-2025
Passed
23-JUN-2025
Senate
Received
24-JUN-2025
- Requires the Advocate to provide educational resources and host or participate in events for small businesses and small business investors.
- Covers women-owned, minority-owned, rural, and small businesses affected by hurricanes or other natural disasters.
- Requires the Advocate to meet at least annually with representatives of State securities commissions to coordinate efforts to assist small businesses and small business investors.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (15-MAY-2025); the text has changed since (Engrossed in House, 23-JUN-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govCommerce
■ 1 R
1 Republican